Gas Prices To Drop Below $3, Government Says


US-ECONOMY-POLITICS-OIL

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Do you think they'll drop below $3?

Government Predicts Gas Will Drop Below $3 - Gallon Soon Gas prices are finally starting to fall - and are expected to drop even further, according to a government report.

The U.S. Energy Information Administration says the average price for a gallon of gas will be down to $3.01 by next month - and an average of $2.88 in the new year.

The estimate is based on increased production and lower costs for barrels of oil. Gas prices reached a high of $3.39 a gallon in November - the highest average in seven years.


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